The Celeri Journal #78: Live Oak Bank

Written by Michael

On May 20, 2020

Global Markets Recap

Had an excellent call with one of our colleagues at Live Oak Bank. Founded in 2007, Live Oak began as a lender to veterinarians only. That earned them the moniker “Doggy Bank”. Look at them now: the Wilmington, North Carolina-concern last year was the #1 SBA lender in the country, by some measures. However you score it, their narrative is 1 that defines America’s entrepreneurial spirit & ingenuity. As they state unequivocally & unapologetically on their website: “Live Oak Bank was founded upon the notion that traditional banking was “broken,” so we set out to provide an innovative banking experience unlike any other. We take immense pride in creating a personalized & streamlined approach to banking with you, our customer, as the focus of our mission.”

I mention this because what gets lost in the headlines is the Great Rebuild of America is underway, yet some people don’t see it. Fed chair Jay Powell politely encouraged investors “not to bet against” our country, & when you hear success stories like that of Live Oak Bank it’s easy to remember that from nothing often becomes something. Today, Live Oak lends across no fewer than 30 industry verticals and while conventional lending may have slowed during the crisis, as is typical, SBA financing should be brisk in the months ahead.

Limited preview. Subscribe below.

You May Also Like…

The Celeri Journal #85: Lights Out

The Celeri Journal #85: Lights Out

Global Markets Recap Suddenly, equities are taking a breather as POTUS announced a press conference on China tomorrow. You wonder what he'll want to discuss & how investors will interpret his remarks. Recall, while this year has been singularly about COVID-19,...

read more
The Celeri Journal #84: Volatility Eases

The Celeri Journal #84: Volatility Eases

Global Markets Recap Stocks continue to rip higher as symbolic signs of optimism abound - at least on the sports field. Hockey is back or will be soon. They're playing football & basketball in Florida, Texas & New Jersey; mostly everywhere. If wearing masks,...

read more

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *